The USA is the biggest debtor country with a total of $13.6 Trillionat the end of 2008. On a year-over-year basis, this represents anincrease of 1.6%. In order to see the creditors to the US, you cancheck my earlier post titled Top Ten Creditors to the USA. The countrywith the second largest debt is the UK. Total external debt of the UKstood at $9.3 T. Though this may seem large at first glance, it isactually good since the UK reduced their debt by 19.9% from 2007. Allthe top five debtor countries are developed rich countries.This isfascinating since these countries are able to borrow so much money tokeep their economy moving forward.

All the above countries are small countries in the developingworld. Armenia has the lowest debt at $3.4B. However this was anincrease of 15.1% from 2007.

Some of the countries have been reducing their externaldebt. Switzerland and the UK reduced it the most at nearly 20% from2007. Other countries that have decreased their debt in 2008 includeAustralia, Canada, Israel, Egypt, etc.

Armenians,
This concerns you only if you're a real Armenian and not one of the disgusting multitudes who use their "Armenian-ness" just to make money by making connections. It's a fact that both Democrats and Republicans are in bed with the Turks. They are military and political allies with the Turks. (Both Turks and the US are NATO allies and in the case of a war between Armenia and Turkey, the US will be on the side of the Turks.) Yes, a few of them are designated to play good cop, bad cop long enough to obtain campaign contributions and votes from Armenian-Americans until the elections are over. Don't pretend that you don't know. Stop being self-hating and show some courage. Only a third political party can be truly sympathetic to the Armenian cause. Support one of them and be associated with the future of this country instead of its treasonous past, i.e., the Democrats and the Republicans -- who also betrayed the American people as you've seen throughout the banking and real estate debacles. YOU CAN AT LEAST STOP SUPPORTING OUR ENEMIES, THE DEMOCRATS AND THE REPUBLICANS by not voting for them and not giving them campaign contributions, can't you? (And you know that if an Armenian-American calls himself a democrat or a republican than he's corrupt and NOT a real Armenian.) Armenian; if you want to be able to call yourself a human being, this is what you must do. Otherwise, you're no better the vermin that Turks and establishment Americans think that you are.